Happy 2015 Charlottesville! Each year as we prepare for the spring market, we first take a look back at the year that was in our local real estate market. We are excited to present the 2014 edition of the Nest Realty Annual Report. At Nest, we believe it is important that our clients be well-equipped…
Yet another quarter has come to a close in 2014, which means it’s time again for the latest edition of the Nest Market Report. The third quarter (Q3) was an interesting one in the Charlottesville area marketplace, but the overall performance and market metrics were positive. Despite the fact that total sales were down on…
With the second quarter of 2014 behind us, we took a look at how the market performed this past quarter. After a slow market in the first quarter of the year, the Central Virginia market place showed positive signs for both homeowners and potential buyers in the second quarter. Overall, the Charlottesville area market…
After a slow start to 2014, contracts written for Albemarle County homes are starting to catch up with 2013. The first 2 months of the year were off fairly significantly, but the last 3 months have been stronger. We believe that…
After a cold and snowy start to 2014, Q1 has come to a close. Coming off a strong year of market performance in 2013, there were high hopes for what the market would bring in 2014. Overall, the market’s performance was mixed in Q1 with certain geographic segments of the market outperforming others. Check out…
We’ve wrapped up our 2013 Charlottesville Annual Report. You can view the full report Annual Charlottesville Nest Report here. Here’s a quick overview: 2013 is the kind of year in real estate that we all wish could be repeated over-and-over. Low interest rates, strong consumer confidence, a fairly balanced inventory, and relatively positive economic indicators all contributed towards…
We recently wrapped up our Q3 2013 Nest Report. You can check out the full report here. Here’s a quick snapshot of how the market performed this quarter. The sales trend for the Charlottesville MSA continues in a positive direction. For the 9th straight quarter, total year-over-year sales were up.Overall Q3 sales were up 19% from…
Total Sales: Total sales increased by over 19% in Q3 2013 for the overall MSA in comparison to Q3 2012. With 859 homes sold, this is the strongest Q3 performance since 2007. Inventory: Q3 2013 marks the fourth consecutive quarter of increasing inventory levels. However, given the level of sales this quarter, months of inventory…
We wrapped up our Q2 market report for the Charlottesville area real estate market. You can view the full report here. Here’s a recap: Depending on what indicators you look at, the Charlottesville real estate market has been on the mend for somewhere between 12-18 months. There have been quarters where sales were up, but prices…
Total Sales: First half 2013 sales were up by 4.72% for the overall MSA. Buyer demand remains strong as 42% of home sales were on the market for less than 30 days. Inventory: Overall inventory levels increased for the third straight quarter. This is a result of increased willingness to sell as market conditions improve.…